Story perspectives
Big Tech Earnings Test Market as IPO Flood Dampens Rally
4/27/2026
1 of 1
Story summary
- Alphabet, Amazon, Meta and Microsoft will report earnings on Wednesday, providing a pivotal market test.
- Over 300 IPO offerings in April have flooded supply and weakened the recent health-care rally.
- Health-care shares such as Johnson & Johnson and Danaher are in the low $90s.
- Upcoming IPOs of SpaceX, OpenAI and Anthropic could draw money from the S&P 500 and pressure Nvidia.
- Apple is set to release its earnings on Thursday.
